In Prem Watsa I trust. His best performance ever was in the 08-09 financial crisis, and since then the stock has hardly moved. Prem has his equity portfolio 100% hedged, so it may be another couple years of minimal returns while the mo-mo market continues, but I trust him not to lose money in the meantime (they write insurance at a profit), and be well positioned so that when the inevitable sentiment shift happens we stand ready to reap large profits.

I like Fairfax here. An improving insurnace business that will eventually have some tailwinds in pricing. A smart investor never hurts and I like their chances vs. the S & P 500 over the next several years.

My Opinion:This is one of the best financial company I can think of...FairFax is exceptionally strong, high quality financial company. This is a "Hedge Company" -- like a hedge fund, but traded on a stock exchange available for the retail investors.

Their leader, Prem Watsa is the "Warren Buffett of Canada".

Just because it sells at a "Pink Sheets" in the U.S usually turns me away, but this one is a Canadian company listed in Toronto Stock Exchange. Also it's $9 Billion dollar valuation makes it a big one.FairFax is 3-in-1: Holding + Insurance + Hedge Fund.